LONDON--(BUSINESS WIRE)--Technavio has been monitoring the construction equipment rental market and it is poised to grow by $ 28.86 bn during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Construction Equipment Rental Market Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Caterpillar Inc., Cramo Plc, HERC HOLDINGS INC., Jungheinrich AG, KION GROUP AG, Komatsu Ltd., LOXAM SAS, Sarens Bestuur NV, Toyota Industries Corp., and United Rentals Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Increased investment in infrastructure has been instrumental in driving the growth of the market. However, the growing second-hand machine market might hamper the market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/construction-equipment-rental-market-industry-analysis
Construction Equipment Rental Market 2020-2024: Segmentation
Construction Equipment Rental Market is segmented as below:
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Construction Equipment Rental Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The construction equipment rental market report covers the following areas:
This study identifies the increasing focus on AGVs as one of the prime reasons driving the construction equipment rental market growth during the next few years.
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Construction Equipment Rental Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
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